Essay
Evener Inc. has provided the following data for the month of July. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Manufacturing overhead for the month was overapplied by $3,000.
The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.
Required:
Determine the cost of work in process, finished goods, and cost of goods sold AFTER allocation of the underapplied or overapplied overhead for the period.
Correct Answer:

Verified
Correct Answer:
Verified
Q59: The manufacturing overhead applied was:<br>A)$1,900<br>B)$6,800<br>C)$12,900<br>D)$3,000
Q60: Dagger Corporation uses direct labor-hours in its
Q61: Donham Corporation had $25,000 of raw materials
Q62: The predetermined overhead rate is closest to:<br>A)$36.60<br>B)$36.41<br>C)$36.24<br>D)$36.05
Q63: Indirect materials are charged to specific jobs.
Q65: The following accounts are from last year's
Q66: The balance on May 1 in the
Q67: During December, Mccroskey Corporation incurred $66,000 of
Q68: On February 1, Manwill Corporation had $24,000
Q69: The direct materials cost in the November